ICICIBANK
ICICI BANK Slightly BullishICICI BANK has formed a higher high but the RSI was same as the previous High.
According to me, it should mean that the same amount of buying was able to push the prices higher. It means the stock has lost some of its bears.
I am not 100% sure about it but let me know what you think about it.
Am I analyzing correctly ? Icici bankHere I am new and learning all about trading and analyzing and this is the best platform to interact with the professionals and masters.
Here is my question is just that am I analyzing correct inverted cup and handle pattern in icici bank in hourly chart pattern ?
ICICI BANK ON 15 mins chartICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci can we our third target.